2024-10-23T10:59:32-04:00 2024-06-30 510202843 LANK JOHNSON & TULL CPAS 521 N MARKET ST EXT SEAFORD DE 19973 990 2023-07-01 510330144 DIMA I INC DIMA 3024270787 2400 WEST FOURTH STREET WILMINGTON DE 19805 EDWARD MCNALLY PRESIDENT/SECRETARY 3024270787 2024-10-23 true true RICHARD L TULL CPA P00158719 3026299543 2024-10-23 2023 2024-10-15 13:58:12Z EDWARD MCNALLY 106 MARCELLA RD WILMINGTON DE 198033411 128209 false X N/A X 1990 DE TO PROVIDE SAFE, AFFORDABLE HOUSING FOR THOSE IN OUR COMMUNITY WITH MENTAL ILLNESS. 6 6 0 6 0 79730 82326 38908 45181 454 702 25 0 119117 128209 0 0 14861 10658 0 0 99223 93197 114084 103855 5033 24354 239319 235307 345803 317724 -106484 -82417 TO PROVIDE SAFE, AFFORDABLE HOUSING FOR THOSE IN OUR COMMUNITY WITH MENTAL ILLNESS. false false 93355 45181 TO PROVIDE HOUSING AND SHELTER FOR THE MENTALLY ILL IN DELAWARE AND TO SOLICIT, RECEIVE, INVEST, ADMINISTER AND DISTRIBUTE FUNDS FOR THE ABOVE PURPOSE. 93355 true false false false false false false false false false true false true false true true true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 0 0 0 false false false false false false false false false false false false false false X 6 6 false false false false false false false true true false false true false false true true true false X X MERTON BRIGGS 3024270787 373 CHICKORY WAY NEWARK DE 197111538 X HAROLD BOZEMAN BOARD MEMBER 1.00 X 0 0 0 MERTON BRIGGS TREASURER 1.00 X X 0 0 0 LISA DELEONARDO BOARD MEMBER 1.00 X 0 0 0 SARAH GALBRAITH BOARD MEMBER 1.00 X 0 0 0 EDWARD MCNALLY PRESIDENT/SE 1.00 X X 0 0 0 BURLEY MELTON BOARD MEMEBR 1.00 X 0 0 0 false false false 82326 82326 RENT REVENUE - TENANT 532000 45181 45181 45181 702 702 128209 45181 702 9859 9859 799 799 9005 9005 22 22 10500 10500 53 53 2008 2008 20193 20193 857 857 23868 23868 21260 21260 5431 5431 103855 93355 10500 0 2395 4994 6524 4137 278 2456 720282 556530 184412 163752 45710 59968 239319 235307 72028 72887 3024 1112 269328 242096 1423 1629 345803 317724 X -106484 -82417 -106484 -82417 239319 235307 X 24354 -287 X false true X true false X 63581 69743 80811 79730 82326 376191 37398 34874 30563 38933 45181 186949 100979 104617 111374 118663 127507 563140 563140 157 9 6 454 702 1328 157 9 6 454 702 1328 101136 104626 111380 119117 128209 564468 0.99760 0.99820 0.00000 0.00000 X 44600 44600 672421 553269 119152 163752 REPLACEMENT RESERVE 59968 F 59968 TENANT SECURITY DEPOSITS 1629 1629 X 128209 128209 128209 103855 103855 103855 SCHEDULE D, PAGE 3, PART X DIMA I, INC. QUALIFIES AS A NONPROFIT ORGANIZATION UNDER SECTION 501(C) (3)OF THE INTERNAL REVENUE SERVICE (IRS) CODE. HOWEVER, INCOME FROM CERTAIN ACTIVITIES NOT DIRECTLY RELATED TO THE ORGANIZATIONS TAX-EXEMPT PURPOSE IS SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. IN ADDITION, THE ORGANIZATION QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER IRS SECTION 170(B)(1)(A) AND HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION. ALTHOUGH THE ORGANIZATION IS NOT SUBJECT TO FEDERAL AND STATE INCOME TAXES, THE ORGANIZATION WAS REQUIRED TO ADOPT ASU 740, ACCOUNTING FOR INCOME TAXES WHICH APPLIES TO ALL ENTITIES INCLUDING THOSE THAT ARE TAX EXEMPT UNDER 501(C)(3). ASU 740 CLARIFIES THE ACCOUNTING AND REPORTING FOR INCOME TAXES WHERE INTERPRETATION OF THE TAX LAW MAY BE UNCERTAIN. MANAGEMENT HAS REVIEWED ITS CURRENT AND PAST FEDERAL INCOME TAX POSITIONS AND HAS DETERMINED, BASED ON CLEAR AND UNAMBIGUOUS TAX LAW AND REGULATIONS, THAT THE TAX POSITIONS TAKEN ARE CERTAIN AND THAT THERE IS NO LIKELIHOOD THAT A MATERIAL TAX ASSESSMENT WOULD BE MADE IF THE RESPECTING GOVERNMENT AGENCY EXAMINED TAX RETURNS SUBJECT TO AUDIT. ACCORDINGLY, NO PROVISION FOR THE EFFECTS OF UNCERTAIN TAX POSITIONS HAS BEEN RECORDED. CURRENTLY, THE PRIOR THREE YEARS ARE OPEN AND SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE. HOWEVER, THE ORGANIZATION IS NOT CURRENTLY UNDER AUDIT NOR HAS IT BEEN CONTACTED BY THIS JURISDICTION. ANY INTEREST AND PENALTIES RELATED TO INCOME TAXES WOULD BE RECORDED AS INCOME TAX EXPENSE. THERE ARE NO INTEREST AND PENALTIES AS OF JUNE 30, 2024. FORM 990, PAGE 6, PART VI, LINE 11B THE FORM 990 IS REVIEWED BY THE EXECUTIVE DIRECTOR AND THE TREASURER IN DRAFT FORM. ONCE COMMENTS AND QUESTIONS HAVE BEEN ADDRESSED, THE FINAL DRAFT OF THE FORM 990 IS FILED WITH THE IRS. FORM 990, PAGE 6, PART VI, LINE 15A THE BOARD APPROVES ALL OTHER COMPENSATION; CURRENTLY THE ORGANIZATION HAS NO DIRECT EMPLOYEES. FORM 990, PAGE 6, PART VI, LINE 15B THE BOARD APPROVES ALL COMPENSATION; CURRENTLY THE ORGANIZATION HAS NO DIRECT EMPLOYEES. FORM 990, PAGE 6, PART VI, LINE 18 THE PROJECTS FORM 990 IS ALSO AVAILABLE ON THE GUIDESTAR WEBSITE. FORM 990, PAGE 6, PART VI, LINE 19 THESE DOCUMENTS AND OTHERS ARE AVAILABLE AT THE PROPERTY MANAGER'S CORPORATE OFFICES. FORM 990, PART XI, LINE 9 CECL ADAPTATION -287